73.5c for Bundi alone!!
Current price under 60c.
If this doesn't present a great buying opportunity on its own then I don't know what does.
Plus, they have mistakenly confused Juandah with Columboola.
Juandah is 100% MTE and nothing to do with Columboola, so value of that second line should be $37.8m or 21.3c/sh for "Juandah" using the appropriate pre-feas multiple of 22c/t. This brings the total valuation to $1.125 with nil value being attributed to Columboola.
And we all know Columboola is coming...
Good find on the report, btw. Many thanks.
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- billion tonne baby - research report by rbs
billion tonne baby - research report by rbs, page-7
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